So just how important was Federal Reserve President Jerome Powell’s speech on inflation? In the speech that markets eagerly awaited, Powell announced that the Fed would target inflation at an average of 2% over time, and that the central bank would not feel obligated to raise interest rates if it …
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LAKE CHARLES, La. – One of the strongest hurricanes to ever hit the U.S., Laura stormed Louisiana on Thursday, tearing down roofs and killing at least six people while cutting a destructive path hundreds of miles into the country. A full assessment of the damage caused by the Category 4 …
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The numbers: New unemployment benefits fell to just over $ 1 million in late August, resuming a downward trend, perhaps signaling the resumption of a slow or painful recovery in the U.S. labor market. Initial unemployment claims, a rough measure of redundancies, were rejected by 98,000 to 1 million in …
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Stock futures pointed to a higher start Monday, with the S&P 500 and Nasdaq Composite building on last week’s record finish as investors appeared optimistic about a potential COVID-19 treatment. What do key benchmarks do? Futures on the Dow Jones Industrial Average YM00, + 0.94% advanced 271 points, or 1%, …
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Joe Biden promised to rebuild the abused American economy and tackle the coronavirus pandemic when he accepted the Democratic nomination on Thursday night, and threw himself as an ointment for a nation wounded by President Donald’s policies. Trump. In a speech that differentiated between airy rhetoric and specific proposals, Biden …
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